American Express Blue Cash Preferred® from American Express
Earn 6% cash back at U.S. supermarkets and on select U.S. streaming subscriptions, plus 3% back on transit and U.S. gas with this card.
The American Express Blue Cash Preferred® Card offers substantial cash back rewards on everyday purchases, making it a valuable option for budget-conscious consumers. Cardholders earn 6% cash back at U.S. supermarkets (up to $6,000 annually, then 1%), 6% cash back on select U.S. streaming subscriptions, and 3% cash back on transit and at U.S. gas stations. The card also boasts a $300 statement credit signup bonus after spending $3,000 in the first 6 months, adding to its initial value proposition. Additional perks include a $7 monthly statement credit towards a Disney Bundle subscription and rental car insurance.
While the rewards are generous, the card does carry a $95 annual fee after the first year. The introductory 0% APR period for purchases and balance transfers lasts for the first 12 months, providing some financial flexibility. However, the ongoing APR ranges from 19.24% - 29.99%, so it's crucial to pay off balances in full to avoid interest charges. The card also charges a 2.7% foreign transaction fee, making it less suitable for international travelers. Overall, the American Express Blue Cash Preferred® Card is best suited for individuals who spend significantly on groceries, streaming services, and transit/gas, and who can leverage the rewards to offset the annual fee.
